@Nahal BeckamI concur with @Alan Grobmeier that a high credit score means they have been responsible and as @Ned J. states you always have the option to amend the contract. 

Even if you decide developing it is not something you want to do the value will only increase as housing damnd increases because of the new jobs.2) - Do not go to a contract and start talking to them.

I have purchased 1 sfr rental in warren MI using cash (29000) i made a ton of mistakes during the process  but it was definitely a learning experience. after about 35000 in rehab costs thanks to a bad contractor  house is now worth about 55000. not the best deal but  i did learn alot  i have my second deal under contract now. 

Hey everyone ..looking to to find my first wholesale deal I'm am working on finding cash buyers in my area of virginia that's the first step I am focusing on ...my question is where can I find an assignment contract A to B & B to C ?

1- Secure contract with purchase price and terms2- Send contract to title (search and insure)3- Draft note and mortgage (you'll need a lawyer to do this- less than $500 likely)3- Seller uses proceeds (your down payment) to pay-off  the lien (The title company will handle all this)4- Close the transaction5- Establish payments to sellerYou'll want to make sure there will not be a delay between the payoff of the 1st lien- executing the "lien release" and closing your transaction- will require coordination.

@John Park Tell them that you'll have to make an addendum to the contract and charge extra a month if you have to call ghost busters.

Use a good contract for hiring outside help.

I got a contract for a 2 mobile homes in a mobile home community. 

@Frank Capaldi under contract on my first investment property in Pittsburgh.

Something to consider: Financing, contracts, title work, insurance, bookkeeping, taxes and returns can be overwhelming even when personally making a purchase let alone in an LLC when starting out.